The global market for Personal Mobility Devices was estimated at US$12.3 Billion in 2023 and is projected to reach US$17.4 Billion by 2030, growing at a CAGR of 5.1% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth of this market has been driven largely by the increasing prevalence of conditions such as arthritis, osteoporosis, spinal cord injuries, and other age-related disabilities. This has fueled demand for more sophisticated and comfortable devices that cater to the specific needs of elderly individuals and those with chronic mobility impairments. Furthermore, with a growing focus on independent living and improved accessibility, personal mobility devices are no longer viewed merely as medical necessities but as lifestyle products that enhance freedom, convenience, and participation in daily activities. The market has also been shaped by innovations in materials and technology, including lightweight frames, foldable designs, and electric propulsion systems, making these devices more user-friendly and efficient.
Additionally, advancements in assistive technologies have led to the rise of smart mobility devices that are equipped with sensors, GPS navigation, and AI-powered systems. These smart features allow users to interact with their devices more intuitively, offering voice command capabilities, fall detection, and even automatic obstacle avoidance. Exoskeleton technology, in particular, has gained traction, especially in rehabilitation settings, where it is used to aid individuals in regaining mobility after injuries or surgeries. Wearable technology in personal mobility devices is also becoming more common, with sensors that monitor the user’s vitals or track their movements, providing healthcare professionals with valuable data to tailor treatment and care.
In addition, lightweight materials such as carbon fiber and aluminum are being incorporated into mobility devices to improve portability and user comfort. Foldable and compact designs are also on the rise, allowing users to easily transport their devices, especially when traveling. Technological innovations are making mobility devices not only more functional but also more aesthetically pleasing and user-friendly, contributing to the growing adoption of these devices across a wide range of users.
Furthermore, the rising demand for customization and personalization in healthcare has extended to mobility devices. Users now expect their devices to be tailored to their specific physical needs, lifestyle, and preferences. This has led to the development of modular devices that can be adapted or upgraded with additional features, such as removable seats, adjustable handles, and customizable cushions. Personal mobility devices are also being designed with aesthetics in mind, offering users more choices in terms of color, design, and materials, allowing individuals to feel more confident and less self-conscious about using mobility aids.
The increasing focus on active aging and maintaining physical activity has also driven demand for more versatile mobility devices that support outdoor and recreational use. Mobility scooters and powered wheelchairs, for instance, are now designed to handle rougher terrains, enabling users to participate in outdoor activities like hiking or shopping trips. This shift in consumer demand toward multi-functional devices that promote a more active lifestyle has led to a greater variety of products in the market, from compact walkers to heavy-duty electric scooters.
Another significant growth driver is the increased prevalence of chronic conditions that affect mobility, such as arthritis, osteoporosis, and neurological disorders. The rising number of individuals living with these conditions has fueled demand for mobility aids that provide comfort, stability, and ease of use. Technological advancements in the development of electric and smart mobility devices have further contributed to market growth. Innovations such as powered wheelchairs, mobility scooters, and exoskeletons are increasingly being adopted due to their ability to offer users greater independence and support during rehabilitation or daily activities.
The growing awareness of disability rights and accessibility is also contributing to the expansion of the personal mobility devices market. Governments and organizations around the world are advocating for improved accessibility in public spaces, workplaces, and homes, which has led to greater adoption of mobility devices that facilitate independent movement for individuals with disabilities. Lastly, rising healthcare expenditure and increased availability of reimbursement policies in developed markets are making personal mobility devices more affordable and accessible, further driving market growth.
Global Personal Mobility Devices Market - Key Trends & Drivers Summarized
How Has the Personal Mobility Devices Market Evolved Over the Years?
The personal mobility devices market has evolved significantly due to advancements in technology, the aging global population, and an increasing focus on improving quality of life for individuals with mobility impairments. Traditionally, personal mobility devices consisted mainly of basic walking aids such as canes and crutches, or manual wheelchairs designed to assist individuals with limited mobility. However, over the years, the market has expanded to include a wide range of advanced solutions, including electric wheelchairs, mobility scooters, powered exoskeletons, and motorized walkers.The growth of this market has been driven largely by the increasing prevalence of conditions such as arthritis, osteoporosis, spinal cord injuries, and other age-related disabilities. This has fueled demand for more sophisticated and comfortable devices that cater to the specific needs of elderly individuals and those with chronic mobility impairments. Furthermore, with a growing focus on independent living and improved accessibility, personal mobility devices are no longer viewed merely as medical necessities but as lifestyle products that enhance freedom, convenience, and participation in daily activities. The market has also been shaped by innovations in materials and technology, including lightweight frames, foldable designs, and electric propulsion systems, making these devices more user-friendly and efficient.
How Are Technological Advancements Shaping the Personal Mobility Devices Market?
Technological advancements are transforming the personal mobility devices market, making devices more efficient, lightweight, and adaptable to users` needs. One of the most notable innovations is the development of electric and powered mobility devices, including electric wheelchairs, mobility scooters, and powered exoskeletons. These devices offer greater freedom of movement for users with severe mobility impairments, allowing them to travel longer distances and navigate various terrains without the need for manual assistance. Battery technology improvements have enhanced the range and efficiency of electric mobility devices, making them a practical solution for daily use.Additionally, advancements in assistive technologies have led to the rise of smart mobility devices that are equipped with sensors, GPS navigation, and AI-powered systems. These smart features allow users to interact with their devices more intuitively, offering voice command capabilities, fall detection, and even automatic obstacle avoidance. Exoskeleton technology, in particular, has gained traction, especially in rehabilitation settings, where it is used to aid individuals in regaining mobility after injuries or surgeries. Wearable technology in personal mobility devices is also becoming more common, with sensors that monitor the user’s vitals or track their movements, providing healthcare professionals with valuable data to tailor treatment and care.
In addition, lightweight materials such as carbon fiber and aluminum are being incorporated into mobility devices to improve portability and user comfort. Foldable and compact designs are also on the rise, allowing users to easily transport their devices, especially when traveling. Technological innovations are making mobility devices not only more functional but also more aesthetically pleasing and user-friendly, contributing to the growing adoption of these devices across a wide range of users.
How Is Changing Consumer Demand Impacting the Personal Mobility Devices Market?
Changing consumer demand is significantly influencing the personal mobility devices market, particularly as individuals seek devices that offer not only functionality but also greater comfort, ease of use, and design aesthetics. As the global population ages, there is increasing demand for mobility devices that cater to the elderly, offering solutions that enhance independence and improve quality of life. Elderly consumers are seeking devices that help them maintain their mobility without sacrificing comfort or style. In response, manufacturers are designing mobility aids that are lightweight, easy to use, and adjustable to meet the varying needs of users with different levels of mobility impairment.Furthermore, the rising demand for customization and personalization in healthcare has extended to mobility devices. Users now expect their devices to be tailored to their specific physical needs, lifestyle, and preferences. This has led to the development of modular devices that can be adapted or upgraded with additional features, such as removable seats, adjustable handles, and customizable cushions. Personal mobility devices are also being designed with aesthetics in mind, offering users more choices in terms of color, design, and materials, allowing individuals to feel more confident and less self-conscious about using mobility aids.
The increasing focus on active aging and maintaining physical activity has also driven demand for more versatile mobility devices that support outdoor and recreational use. Mobility scooters and powered wheelchairs, for instance, are now designed to handle rougher terrains, enabling users to participate in outdoor activities like hiking or shopping trips. This shift in consumer demand toward multi-functional devices that promote a more active lifestyle has led to a greater variety of products in the market, from compact walkers to heavy-duty electric scooters.
What Factors Are Driving Growth in the Personal Mobility Devices Market?
The growth of the personal mobility devices market is being driven by several factors, including the rising global geriatric population, increasing prevalence of mobility impairments, and advancements in assistive technologies. One of the primary drivers is the aging population in countries such as the U.S., Japan, and many European nations. As life expectancy increases, so too does the number of individuals experiencing age-related mobility issues. This demographic shift has resulted in heightened demand for personal mobility devices that can support independent living and enhance the quality of life for elderly individuals.Another significant growth driver is the increased prevalence of chronic conditions that affect mobility, such as arthritis, osteoporosis, and neurological disorders. The rising number of individuals living with these conditions has fueled demand for mobility aids that provide comfort, stability, and ease of use. Technological advancements in the development of electric and smart mobility devices have further contributed to market growth. Innovations such as powered wheelchairs, mobility scooters, and exoskeletons are increasingly being adopted due to their ability to offer users greater independence and support during rehabilitation or daily activities.
The growing awareness of disability rights and accessibility is also contributing to the expansion of the personal mobility devices market. Governments and organizations around the world are advocating for improved accessibility in public spaces, workplaces, and homes, which has led to greater adoption of mobility devices that facilitate independent movement for individuals with disabilities. Lastly, rising healthcare expenditure and increased availability of reimbursement policies in developed markets are making personal mobility devices more affordable and accessible, further driving market growth.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Wheelchairs segment, which is expected to reach US$7.7 Billion by 2030 with a CAGR of a 5.9%. The Scooters segment is also set to grow at 4.6% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $3.3 Billion in 2023, and China, forecasted to grow at an impressive 8.6% CAGR to reach $3.8 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Personal Mobility Devices Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Personal Mobility Devices Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Personal Mobility Devices Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players in the Global Personal Mobility Devices Market such as Arjo, Briggs Healthcare, Carex Health Brand Incorporation, Drive DeVilbiss Healthcare, Electric Mobility and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Some of the 287 companies featured in this Global Personal Mobility Devices market report include:
- Arjo
- Briggs Healthcare
- Carex Health Brand Incorporation
- Drive DeVilbiss Healthcare
- Electric Mobility
- Eurovema AB
- GF Health Products, Inc.
- Invacare Corporation
- Medline Industries Inc.
- Nova
- Ottobock
- Patricia Industries (Permobil)
- Patterson Medical
- Pride Mobility Products Corp.
- Stryker Corporation
- Sunrise Medical (US) LLC
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
CANADA
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
ITALY
UNITED KINGDOM
SPAIN
RUSSIA
REST OF EUROPE
ASIA-PACIFIC
AUSTRALIA
INDIA
SOUTH KOREA
REST OF ASIA-PACIFIC
LATIN AMERICA
ARGENTINA
BRAZIL
MEXICO
REST OF LATIN AMERICA
MIDDLE EAST
IRAN
ISRAEL
SAUDI ARABIA
UNITED ARAB EMIRATES
REST OF MIDDLE EAST
AFRICA
Companies Mentioned
Some of the 287 companies featured in this Global Personal Mobility Devices market report include:- Arjo
- Briggs Healthcare
- Carex Health Brand Incorporation
- Drive DeVilbiss Healthcare
- Electric Mobility
- Eurovema AB
- GF Health Products, Inc.
- Invacare Corporation
- Medline Industries Inc.
- Nova
- Ottobock
- Patricia Industries (Permobil)
- Patterson Medical
- Pride Mobility Products Corp.
- Stryker Corporation
- Sunrise Medical (US) LLC
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 216 |
| Published | November 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 12.3 Billion |
| Forecasted Market Value ( USD | $ 17.4 Billion |
| Compound Annual Growth Rate | 5.1% |
| Regions Covered | Global |
| No. of Companies Mentioned | 17 |
